Easy Office

Depreciation issue

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 September 2016 Dear All,
Director car is being used for business purpose who is also share holder. Weather company can claim the depreciation on this said Car or not,

Thanks & Regard
Vikas ojha
Profile Image

CA Sumiit B Nagpal

Profile Image

CA Sumiit B Nagpal (Expert)
23 September 2016 No the depreciation can not be claimed, however if the car is used for business purpose, a resolution for that effect can be passed and company can claim vehicle running and maintenance expenses.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links